Earn 50,000 bonus ThankYou Points after $2,500 in purchases within 3 months of account opening - redeem them for anything from $500 in gift cards to a flat screen TV or a kayak.**
Enjoy 0% intro APR on purchases for 12 months. After that, 13.99% - 21.99% variable, based on creditworthiness.*

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There's no 50k pts, this is what I saw:
Get started with 25,000 bonus ThankYou® Points
after you make $2,000 in purchases within the first 3 months – redeemable for great rewards, including $250 in gift cards or $333 in airfare when you redeem through the ThankYou Travel Center